Nwam LLC Has $355,000 Stake in Praxair, Inc. (PX)
Nwam LLC decreased its position in Praxair, Inc. (NYSE:PX) by 14.9% during the second quarter, Holdings Channel reports. The firm owned 2,679 shares of the basic materials company’s stock after selling 468 shares during the period. Nwam LLC’s holdings in Praxair were worth $355,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sandy Spring Bank raised its stake in shares of Praxair by 31.2% in the first quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock valued at $100,000 after buying an additional 200 shares during the period. Exane Derivatives purchased a new stake in shares of Praxair during the second quarter valued at $109,000. Capital Analysts LLC raised its stake in shares of Praxair by 6.8% in the first quarter. Capital Analysts LLC now owns 1,015 shares of the basic materials company’s stock valued at $120,000 after buying an additional 65 shares during the period. V Wealth Management LLC purchased a new stake in shares of Praxair during the second quarter valued at $124,000. Finally, Guardian Life Insurance Co. of America raised its stake in shares of Praxair by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock valued at $131,000 after buying an additional 8 shares during the period. Institutional investors own 84.86% of the company’s stock.
Shares of Praxair, Inc. (PX) opened at 131.06 on Tuesday. Praxair, Inc. has a 12 month low of $114.43 and a 12 month high of $138.69. The firm has a market capitalization of $37.49 billion, a price-to-earnings ratio of 24.54 and a beta of 0.93. The stock’s 50 day moving average price is $132.41 and its 200-day moving average price is $125.73.
Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Praxair, Inc. will post $5.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $3.15 annualized dividend and a dividend yield of 2.40%. Praxair’s dividend payout ratio is currently 58.88%.
Several analysts have recently weighed in on PX shares. Barclays PLC upped their price objective on Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. BidaskClub lowered Praxair from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Praxair from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $156.00 price objective (up previously from $130.00) on shares of Praxair in a report on Sunday, June 11th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Praxair presently has a consensus rating of “Hold” and a consensus price target of $135.00.
Praxair Company Profile
Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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